New data offers further confirmation of a crisis in the U.S. student loan portfolio, in which too many borrowers are not repaying their student loans.

Consumer adviser Clark Howard warned that while penalties are currently on hold, borrowers must establish a repayment plan immediately to avoid future wage garnishment.

The U.S. Department of Education will start garnishing the wages of student loan borrowers who are in default next month, the agency confirmed this week. After a yearslong pause due to the pandemic, a ...

WASHINGTON -- The Trump administration said on Tuesday that it will begin garnishing the wages of student loan borrowers who are in default early next year. The department said it will send notices to ...

Texans with federal student loans could see their paychecks dwindle if action is not taken soon. Beginning as early as Wednesday, the federal government will send roughly 1,000 notices to borrowers ...